1259 Oak Hill Dr Morganton, NC 28655

3 beds · 1 bath · 1,328 sq ft · Lot Size: 15,246 sq ft · Single Family Home
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1259 Oak Hill Dr is in the 28655 neighborhood of Morganton, NC. It is located in Burke County and ZIP code 28655. This Single Family Home was built in 1975 and is approximately 50 years old. The single family home spans 1328 sq ft with 3 bedrooms and 1 bathroom and sits on a 15246 sq ft lot. According to public records, it was last sold in 2015 for $80,000. Analyze and compare real estate investment strategies for properties like this home at 1259 Oak Hill Dr Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 1259 Oak Hill Dr

The property has a current estimated value of $185,719, which is 14% below the zip median, based on public records. It last sold on May 08, 2015 for $80K. Projected long-term
is $21,600 annually ($1,800 per month) with a 86% occupancy rate.

Long-Term

Gross Rental
$21,600 per year($1,800 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Owners & Occupancy for 1259 Oak Hill Dr

No contact information is available.

Occupancy

Resident 1******************* age 69
Resident 2***************
Resident 3**************
Resident 4********************* age 37
Resident 5*************** age 62
Resident 6************************ age 40

Property Details for 1259 Oak Hill Dr

Property Details

Property Sq Ft

Living Area

1,328 sq ft

Compare to 28655

Lot Size

15,246 sq ft

Compare to 28655

Price Per Sq Ft

Living Area

$140 / sq ft

Compare to 28655

Lot Size Area

$12 / sq ft

Compare to 28655
Property condition, age, exterior, etc. for 1259 Oak H…
Longitude: -81.744939 Latitude: 35.786304 Parcel Number (APN): 31230…
Mortgage originated on through lender: Atlantic Bay Mtg Grp Llc for$*****View Mortgage Details
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Discover more single family homes near 1259 Oak Hill Dr in Morganton, North Carolina. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 1259 Oak Hill Dr in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$185,719
$275,142
-$89,423 (-33%)
$398,141
-$100,871 (-25%)
YoY Price Change
2.32%
258%
Year Built
1975
1990
-15 years
Living Space
1,328 sq ft
1,589 sq ft
-261 (-16%)
$ Per Living Sq Ft
$140
$169
-$29 (-17%)
Lot Size
15,246 sq ft
20,473 sq ft
-5227 (-26%)
$ Per Lot Sq Ft
$12
$17
-$4 (-27%)

Net Operating Income
$17,038
-$603 (-4%)
Annual Revenue
$21,600
$22,800
-$1,200 (-5%)
$5,773
-$608 (-11%)
Net Operating Income
$17,038
-$603 (-4%)
Cap Rate
6%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians